Discussion Paper
Federal Debt in the Financial Accounts of the United States
Ogden, Rick; Hoops, Matthew; Cagetti, Marco; McIntosh, Susan Hume (2015-10-08)
This note explains the concept of federal debt in the Financial Accounts of the United States, how it has recently changed, and how it differs from other commonly cited measures of federal debt. As described below, a key factor is the treatment of intragovernmental holdings of U.S. debt securities.
FEDS Notes , Paper 2015-10-08-1

Discussion Paper
Accounting for COVID-19 Related Funding, Credit, Liquidity, and Loan Facilities in the Financial Accounts of the United States
Hoops, Matthew; Kurtzman, Robert J. (2021-07-30)
Beginning in late February 2020, market liquidity for corporate bonds dried up and corporate bond credit spreads soared amid broad financial market dislocations related to the COVID-19 pandemic. The causes of this liquidity dry-up and the spike in corporate bond spreads remain subjects of debate.
FEDS Notes , Paper 2021-07-30-1

Discussion Paper
Defined-Contribution Pension Plans for State and Local Government Employees in the Financial Accounts of the United States
Hoops, Matthew; Stefanescu, Irina; Vidangos, Ivan (2015-04-20)
This note provides some background information on the DC pension plans available to state and local (S&L) government workers, briefly discusses the methodology used to construct the estimates of assets held by S&L DC pension plans, and presents the estimates currently reported in the Financial Accounts.
FEDS Notes , Paper 2015-04-20

Discussion Paper
State and Local Pension Funding in the Enhanced Financial Accounts
Hoops, Matthew; Smith, Paul A.; Stefanescu, Irina (2016-02-05)
In this Note we describe new state-level data on the funding status of state and local government defined-benefit pension plans, which is part of the Enhanced Financial Accounts (EFA) initiative.
FEDS Notes , Paper 2016-02-05